Navient (NAVI) Projected to Post Earnings on Wednesday

Navient (NASDAQ:NAVI) is expected to release its earnings data before the market opens on Wednesday, July 23rd. Analysts expect Navient to post earnings of $0.32 per share and revenue of $156.20 million for the quarter. Navient has set its FY 2025 guidance at 1.000-1.200 EPS.

Navient (NASDAQ:NAVI) last posted its earnings results on Wednesday, April 30th. The credit services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. Navient had a return on equity of 5.20% and a net margin of 1.37%. The company had revenue of $156.00 million for the quarter, compared to analysts’ expectations of $150.40 million. During the same period last year, the business posted $0.47 earnings per share. On average, analysts expect Navient to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Navient Price Performance

NASDAQ NAVI opened at $14.61 on Wednesday. Navient has a 52 week low of $10.53 and a 52 week high of $16.97. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 29.22 and a beta of 1.40. The company has a 50-day moving average price of $13.88 and a two-hundred day moving average price of $13.36. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 16.56.

Navient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, June 6th. Navient’s dividend payout ratio (DPR) is 128.00%.

Analysts Set New Price Targets

NAVI has been the subject of several research reports. TD Cowen cut Navient from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods raised their price objective on Navient from $14.00 to $16.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 9th. TD Securities upped their price target on shares of Navient from $11.00 to $12.00 and gave the stock a “sell” rating in a research note on Thursday, May 1st. Jefferies Financial Group cut their price objective on shares of Navient from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on Navient from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Navient presently has an average rating of “Hold” and an average price target of $13.71.

Institutional Trading of Navient

A hedge fund recently raised its stake in Navient stock. Royal Bank of Canada boosted its position in shares of Navient Corporation (NASDAQ:NAVI) by 11.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,366 shares of the credit services provider’s stock after purchasing an additional 10,296 shares during the period. Royal Bank of Canada owned about 0.10% of Navient worth $1,243,000 at the end of the most recent quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.

About Navient

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.